Africa

While there may have been some substance to the rumoured acquisition of pan-African e-commerce brand, Jumia by Sub-Saharan Africa’s leading tech conglomerate, the Zinox Group and to possibly merge it with Konga, there is currently no concrete interest to that effect. This was revealed by Gideon Ayogu, Head of Corporate …

The management of Zinox Technologies Ltd., Nigeria’s foremost tech giant, has reacted with sadness to the news of the passing of David Kan, a founding member of its Board of Directors and CEO of Mustek Plc, a leading integrated technology group listed on the Johannesburg and Taiwan Stock Exchanges. David …

By Olawale.Akinremi Ibadan, May 20, 2022 A Libyan returnee told a Federal High Court in Ibadan that she was enslaved in Libya a commercial sex worker. The woman made this known while testifying before Justice Uche Agomoh, in a case of alleged human trafficking instituted by the National Agency for the …

By Ismaila Chafe Abuja, May 19, 2022 President Muhammadu Buhari has congratulated Alhaji Aminu Ado Bayero, the Emir of Kano on the conferment on him, of the highest honour of the Republic of Senegal, the “National Order of Lion.” The honour was conferred on the Emir by President Macky Sall …

In continuation of his weeklong visit to Senegal, the Emir of Kano, Alhaji Aminu Ado Bayero has on Tuesday visited the historic Island of Goree. The Emir travelled to the Island on a Presidential Yatch provided by his host, President Macky Sall. A statement from the Emir’s Palace said on …

In the first three months of the 2022 financial year, Dangote Cement has recorded a 24.2 percent increase in its revenue and an 18 percent increase in its profit after tax for the same period. Unaudited results for three months ended 31st March 2022, showed revenue of N413.2 billion and a …

Speculations of a potential takeover of pan-African e-commerce firm Jumia Technologies by the Zinox Group, Sub-Saharan Africa’s leading tech conglomerate, has seen shares of the e-commerce giant rise by 14.81 per cent. Investigations show Jumia’s shares currently trading at $5.89 on the floor of the New York Stock Exchange (NYSE) …

TD Africa, Sub-Saharan Africa’s leading tech and lifestyle products distributor, is marking its 23 years of leadership in the ICT distribution segment with a special anniversary sale tagged Sellerbration. The company turned 23 on Sunday, May 15, 2022. Consequently, the management of TD Africa is rolling out the drums to …

By: Hamza Suleiman Maiduguri, May 14, 2022 The Multinational Joint Task Force (MNJTF), on Saturday said it has eliminated 300 Boko Haram/Islamic State of the West African Province (ISWAP) fighters in the fringes of North East Lake Chad. Lt. Col. Kamarudeen Adegoke, the Chief of Military Public Information Officer HQ …

By Okeoghene Akubuike Abuja, May 13, 2022 The Governor of the Central Bank of Nigeria (CBN), Godwin Emefiele, says that Africa needs to finance her own growth. Emefiele said this at the Africa Finance Corporation (AFC) Live Infrastructure Solutions Summit held in Abuja on Thursday. He said that over the …

Jumia, one of the major e-commerce players in the African market, appears to be battling severe headwinds after its share price – which once traded at record highs of $59.96 tumbled down and is currently trading at less than $5 – prompting speculations of a loss of investor confidence and …

By Lydia Ngwakwe Lagos, May 2, 2022 Access Bank Plc has announced the promotion of 800 employees following a transparent and robust performance management review in line with global best practices. The Group Head, Communications and External Affairs of the bank, Mr. Amaechi Okobi, made the announcement in a statement …

By Cecilia Ologunagba New York, May 2, 2022 UN Secretary-General António Guterres has highlighted the impact of the Ukraine war on Africa, saying the crisis is aggravating a “triple food, energy and financial crisis” across the continent. The UN correspondent of the News Agency of Nigeria (NAN) reports that Guterres …

By Hamza Suleiman Maiduguri, May 1, 2022 The Troops of the Multinational Joint Task Force (MNJTF) have killed about 22 Boko Haram/Islamic State of the West African Province (ISWAP) terrorists during a fighting clearance operations in the fringes of Lake Chad. Lt. Col. Kamarudeen Adegoke, the Chief of Military Public …

By Okeoghene Akubuike Abuja, April 29, 2022 Mrs. Kanayo Awani, the Managing Director of African Export-Import Bank’s (Afreximbank) Intra-African Trade Initiative Division, has been named one of the 100 outstanding women leaders in Nigeria. This is according to the list published in the 2022 edition of The Nigeria Women Annual: …

Anytime he traverses the land, air or sea like a troubadour, he must bring good tidings. Each time the Nigerian President of the African Development Bank (AfDB) comes to see President Muhammadu Buhari, he never comes empty handed. He must bring goodies and goodies for his home country. Tuesday this …

By Stellamaris Ashinze/Okuawan Offiong   Lagos, April 27, 2022 MTN Nigeria and Pan-Atlantic University (PAU) on Wednesday announced the launch of the MTN Media Innovation Programme (MTN MIP) to be run by PAU’s School of Media and Communication (SMC). The Chief Executive Officer of MTN Nigeria, Mr. Karl Toriola, said …

President Muhammadu Buhari has commended the Africa Development Bank (AfDB) for planning ahead of whatever negative consequences may come from the Russia-Ukraine war in terms of food security.The President spoke Tuesday at State House, Abuja, during an audience with the AfDB President, Dr Akinwumi Adesina, who briefed him on steps …

By Cecilia Ologunagba New York, April 25, 2022 No fewer than 696 Ghanaian peacekeepers have received UN medals for their outstanding services while serving in the United Nations Mission in South Sudan (UNMISS), based in the notoriously challenging environment of the Unity State. UNIMISS, in a statement, noted that 594 …

By Fabian Ekeruche/07031677844 Lagos, April 14, 2022 Popular music star, Oluwatosin Ajibada, popularly known as Mr Eazi, has made known why he has chosen Rwanda as the next investment destination for his businesses. Eazi made the disclosure in a statement made available to newsmen on Thursday in Lagos. According to …

*As PSC pushes for prosecution of high-profile Nigerians violating Covid-19 travel protocols   The Senate has urged the Federal Ministry of Foreign Affairs to liaise with the Ghanaian Government to strengthen bilateral relations between both countries to prevent the maltreatment of Nigerians entering Ghana. This was contained in the recommendations of …

Berlin, April 1, 2022 The Algeria Football Federation (FAF) has called for a replay of their World Cup playoff clash against Cameroon and lodged a complaint with FIFA over the match’s refereeing. The Federation claimed the officiating “distorted the result”. Karl Toko Ekambi delivered the decisive strike in the fourth …

By Wole Sogunle Lagos, March 29, 2022 The Group Managing Director/ Chief Executive Officer, Access Bank Plc, Dr Herbert Wigwe, says the bank aims to become one of the top five in Africa by 2027. Wigwe told journalists in Lagos on Tuesday that the bank, which had risen to the …

Former Governor Peter Obi has expressed belief that Nigeria, with its abundant resources, could be on the right developmental track, with strict implementation of progressive policies. In a telephone interview, Obi said he was currently in Morocco as part of his plans for meetings and understudy of the best performing …

By Georgina Adegbie/Aderonke Ojo Abuja, March 29, 2022 Otto Addo, the coach of Black Stars of Ghana, says his team will surprise Nigeria’s Super Eagles by securing the 2022 FIFA World Cup ticket in Abuja. Addo told newsmen at the Moshood Abiola National Stadium in Abuja on Monday ahead of …